TradingView
chetantvc
Jul 4, 2021 3:24 PM

BANKNIFTY ANALYSIS 5TH JULY  Long

Nifty Bank IndexNSE

Description

LONG ABOVE 34950
PREVIOUS SWING IS 34525 WHICH IS A CRUCIAL SUPPORT/DEMAND ZONE
VIX IS 12.09
MARKET IS OVERSOLD AS PCR IS 0.8 FOR THE WEEK
EXPECTING BANKNIFTY TO OUTPERFORM NIFTY ON MONDAY JULY 5TH 2021
GLOBAL INDICES ARE POSITIVE
INDIAN MARKET JUST NEEDS A TRIGGER TO MOVE UPSIDE



DISCLAIMER:- THE ABOVE CHART IS ONLY FOR KNOWLEDGE & STUDY PURPOSE

Trade closed: target reached

Comments
rajivghosalkar
Is this harmonic pattern intended to figure out the culmination of D? In other words, are you suggesting traders to chase D ?
chetantvc
@rajivghosalkar As I mentioned
LONG above 34950. If market is sustaining above point B level then it is to chase D
More